Flexible benefits

Article Abstract:

The cafeteria benefit plans, also known as flexible benefits, currently in practice in Singapore emphasizes on enticing and maintaining the more qualified employees in a company. Benefits are adjusted every year and given to employees as part of their total wages. Employees are allowed to choose the benefits they think are more desirable from the other benefit programs available. In so doing, employees have a better understanding of their benefits and values in relation to their total wages.

Employee Benefits & Services, Economic aspects, Singapore, Employee benefits

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Flexible benefits

Article Abstract:

Structural changes in the UK workforce have resulted in changes in the manner by which pay and benefits are given to employees. The traditional pay package consisting of direct and indirect pay has been rendered obsolete. Flexible benefits allow employees a measure of choice as to what particular type they prefer. Employers are beginning to realize the advantages of a philosophy involving pay and benefits as opposed to pay plus benefits.

United Kingdom, Economic policy

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Harmonizing employee benefits for cross-border mergers and acquisitions

Article Abstract:

Organizations are advised to integrate their employee benefit plans with their efforts to expand the company through mergers and acquisitions. This method involves creating a business strategy that includes both business goals and the capacities of all employees. It also advocates the creation of a mutually-beneficial relationship between employee and employer.

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